raaman
Valued Contributor
To maintain the same standard of living as before retirement, each person needs to have an income equivalent to seventy to seventy-five percent of the average income in the last five years before retirement, according to the financial experts. Regulations on the roadmap to increase the retirement age of employees may also take place in due course of time.
However, each person can completely proactively retire early. Therefore, it is better, if you are mentally prepared, especially financially. Building a financial plan early helps each person take advantage of the power of time and also compound interest to choose a suitable retirement time. But in reality, not many people plan and take action to prepare for life in old age.
However, each person can completely proactively retire early. Therefore, it is better, if you are mentally prepared, especially financially. Building a financial plan early helps each person take advantage of the power of time and also compound interest to choose a suitable retirement time. But in reality, not many people plan and take action to prepare for life in old age.
